Products and Tools


Market Clearing Engine

Energy Market Modeling Tools
Categorized Under: Energy


The Market Clearing Engine (MCE) is a software system developed by ICF International that determines the daily operational and pricing schedules for the Victorian natural gas market in Australia. The model combines non-linear pressure/flow equations, equations relating compressor performance to power use, inlet and outlet pressure, pressure regulation and check valves, and bids for gas deliveries and receipts within an optimization framework to determine optimal hourly receipts and deliveries of gas based on the bids and physical constraints within the system. MCE results are calibrated closely to the outputs of a transient flow model and against actual pressures and flows in the pipeline system.

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